Michigan’s Bitcoin Reserve Bill Finally Gains Momentum After Months of Stalled Progress

BREAKING: Michigan lawmakers push through cryptocurrency legislation that had been stuck in bureaucratic limbo

THE WAITING GAME ENDS

After gathering dust in committee hearings for nearly half a year, Michigan's groundbreaking Bitcoin reserve proposal just cleared its biggest legislative hurdle. The bill—which would allow state treasury holdings to include Bitcoin—suddenly found new life this week after months of political foot-dragging.

POLITICAL WINDS SHIFT

Key committee members finally stopped kicking the can down the road and advanced the measure to the full chamber. The sudden movement suggests behind-the-scenes negotiations finally yielded results, though nobody's saying what changed exactly. Typical political theater—where progress happens only when someone's interests align.

FINANCIAL FRONTIER OR FISCAL FOLLY?

Critics call it reckless gambling with taxpayer money while proponents argue it's about time government portfolios joined the 21st century. Because clearly, what state finances need is more exposure to an asset that can swing 20% before lunch—just ask any pension fund manager sweating over their quarterly reports.

Michigan might soon be buying the dip with your tax dollars—whether you like it or not.

Following other US states in Bitcoin Reserve

The sponsor lawmakers to HB 4087 said that similar measures have already been enacted in states like Texas, New Hampshire, and Arizona, where laws establishing state-level Bitcoin reserves are in place. In May 2025, New Hampshire made history by becoming the first U.S. state to pass a Bitcoin Reserve Bill into law. 

Arizona’s House of Representatives passed the HB2324 bill in June, which would allow the state to create a special reserve for bitcoin and other cryptocurrencies that are taken from criminals during investigations. Following them was the state of Texas, which not only created a Bitcoin reserve but also allocated ten million to fund the project. 

Most states are in the same boat.

Currently, over 26 U.S. states have stat-backed Bitcoin Reserve bills in progress, and about 47 states have proposed or considered legislation pertaining to Bitcoin reserves. Majority of these proposals follow the U.S. President Donald Trump’s executive order, signed in March, to establish a national Bitcoin reserve, where Bitcoin will be held as a store of value. 

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